The introduction of CT in the UAE brings forth the crucial concept of tax grouping, providing opportunities for optimization and reduced compliance. However, its application poses challenges such as group formation, income computation, asset transfer treatment, and accounting complexities.
Considering this, our experts held a webinar on Tuesday, 26 March 2024, to discuss the key aspects and provide actionable insights. During the session, our tax experts covered the following topics:
- Criteria for forming a Tax Group and a qualifying group from a UAE CT perspective.
- Computational aspects of a Tax Group.
- Transfers within a qualifying tax group.
- Practical challenges and issues emerging from transfer pricing and tax accounting perspectives.
